The Canada’s export credit agency Export Development Canada (EDC) is focusing the strategy on ASEAN, especially countries that have bilateral and multilateral free trade agreements with Canada, including Vietnam.

Vietnam is one of few ASEAN members to have signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with Canada and more particularly, Vietnam is considered a place to receive production investment to further export to Canada’s markets.

In an interview with a Vietnam News Agency reporter in Canada, Trade Counselor of the Vietnamese Embassy Tran Thu Quynh said that farm produce of Vietnam and Canada are mutually supportive and non-competitive as the two countries are signatories of FTAs with other countries. In addition, both have signed the CPTPP deal.

This is an opportunity for the two business communities to uphold the principle of cumulative origin and increase the added value of Vietnam's agricultural products, Quynh added.

Nathan Andrew Nelson, Chief Representative Vietnam and Indo Pacific Innovation Director of EDC, said that there will be an increase in Canadian companies coming to Vietnam and using it as a production center or possibly a food processing center to export to third countries.